| U.S. Insurance-Related Mergers and Acquisitions, 2014-2023 (1) |
($ millions)
|
| |
Underwriting mergers and acquisitions |
| |
Property/casualty |
Life/annuity |
Health/managed care |
| Year |
Number of
transactions |
Transaction
values |
Number of
transactions |
Transaction
values |
Number of
transactions |
Transaction
values |
| 2014 |
53 |
$6,723 |
11 |
$7,978 |
15 |
$864 |
| 2015 |
35 |
39,970 |
18 |
10,228 |
21 |
9,603 |
| 2016 |
38 |
10,665 |
13 |
0 |
12 |
1,078 |
| 2017 |
38 |
7,404 |
19 |
5,796 |
17 |
75,954 |
| 2018 |
47 |
15,878 |
22 |
6,696 |
8 |
2,516 |
| 2019 |
28 |
8,805 |
20 |
9,235 |
22 |
17,410 |
| 2020 |
54 |
10,078 |
16 |
9,756 |
13 |
4,145 |
| 2021 |
44 |
9,681 |
19 |
33,870 |
37 |
20,633 |
| 2022 |
32 |
13,297 |
9 |
70 |
12 |
12,940 |
| 2023 |
42 |
1,151 |
15 |
7,570 |
16 |
13,633 |
| |
Distribution and insurance services mergers and acquisitions |
| |
Distribution |
Insurance services |
Total U.S. mergers
and acquisitions |
| Year |
Number of
transactions |
Transaction
values |
Number of
transactions |
Transaction
values |
Number of
transactions |
Transaction
values |
| 2014 |
387 |
$2,581 |
79 |
$19,390 |
545 |
$37,536 |
| 2015 |
472 |
18,695 |
88 |
22,905 |
634 |
101,401 |
| 2016 |
450 |
4,204 |
77 |
3,461 |
590 |
19,408 |
| 2017 |
564 |
6,594 |
74 |
10,645 |
712 |
106,393 |
| 2018 |
612 |
7,085 |
79 |
68,304 |
768 |
100,479 |
| 2019 |
691 |
2,389 |
72 |
3,669 |
833 |
41,508 |
| 2020 |
796 |
2,725 |
100 |
7,452 |
979 |
34,156 |
| 2021 |
849 |
11,175 |
78 |
5,914 |
1,027 |
81,273 |
| 2022 |
712 |
1,867 |
110 |
5,813 |
875 |
33,987 |
| 2023 |
739 |
15,879 |
32 |
0 |
844 |
38,233 |
(1) Components may not add to totals due to rounding and inclusion of miscellaneous companies. Includes transactions where a U.S. company was the acquirer and/or the target.
Source: ©2024 Conning, Inc., 2023: Global Mergers & Acquisitions in the Insurance Industry. Used with permission. |
|